LEADER 01260cam0-2200349---450- 001 990005821800403321 005 20130703141557.0 010 $a88-343-0485-3 035 $a000582180 035 $aFED01000582180 035 $a(Aleph)000582180FED01 035 $a000582180 100 $a19990604d1993----km-y0itay50------ba 101 0 $aita 102 $aIT 105 $aa-------101yy 200 1 $aSan Bernardo e l'Italia$eatti del Convegno di studi, Milano, 24-26 maggio 1990$fa cura di Pietro Zerbi$g[scritti di Jean Leclercq ... et al.] 210 $aMilano$cVita e Pensiero$d1993$aMilano$cScriptorium Claravallense, Fondazione di studi cistercensi 215 $aVI, 401 p., 27 tav.$cill.$d22 cm 225 1 $aBibliotheca erudita$eStudi e documenti di storia e filologia$v8 610 0 $aBernardo di Chiaravalle $aCongressi$a1990 676 $a282.0924 702 1$aLeclercq,$bJean$f<1911-1993> 702 1$aZerbi,$bPietro$f<1922-2008> 801 0$aIT$bUNINA$gRICA$2UNIMARC 901 $aBK 912 $a990005821800403321 952 $a282.092 CONV. MILANO 1990 BIS$bDIP.FIL.MOD. 8060$fFLFBC 952 $a282.092 CONV. MILANO 1990$bBIBL. 27718$fFLFBC 959 $aFLFBC 996 $aSan Bernardo e l'Italia$9567529 997 $aUNINA LEADER 06059oam 22012974 450 001 9910788310803321 005 20230721045735.0 010 $a1-4623-5475-0 010 $a1-4527-7528-1 010 $a9786612844010 010 $a1-4518-7339-5 010 $a1-282-84401-6 035 $a(CKB)3170000000056170 035 $a(EBL)1608423 035 $a(SSID)ssj0000939892 035 $a(PQKBManifestationID)11512670 035 $a(PQKBTitleCode)TC0000939892 035 $a(PQKBWorkID)10937982 035 $a(PQKB)10987447 035 $a(OCoLC)649428871 035 $a(MiAaPQ)EBC1608423 035 $a(IMF)WPIEE2009192 035 $a(EXLCZ)993170000000056170 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Gambia : $eDemand for Broad Money and Implications for Monetary Policy Conduct /$fSubramanian Sriram 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (43 p.) 225 1 $aIMF Working Papers 300 $a"September 2009". 311 $a1-4519-1763-5 327 $aContents; I. Introduction; II. Country Characteristics, Macroeconomic Performance, and Financial Sector Development; A. Country Characteristics; B. Macroeconomic Performance; Figures; 1. Real GDP Growth, 1988-2007; 2. Average Inflation, 1988-2007; C. Financial Sector Development; 3. Exchange Rate Developments, 1988-2007; 4. Real Lending Rates and Interest Rate Spreads, 1988-2007; 5. Measures of Financial Deepening, 1988-2007; III. Present Monetary Policy Framework; 6. Reserve Requirements, 2001-07; 7. Rediscount Rate, 2001-07; IV. Model Specification; A. General Framework 327 $aB. Model Specification for Long-Run Demand for Real M2 in The GambiaFunctional relationship; Justification on selection of variables; Expected signs of coefficients; V. Estimation of Long-Run Demand for Real M2; A. Unit Root Tests; B. Cointegration Tests; Text Tables; 1. Unit Root Test Results; 2. Cointegration and Weak-Exogeneity Test Results; VI. Policy Implicatoins; 8. Money Multiplier, January 1988-June 2007; 9. Growth in Broad Money and Inflation, January 1988-June 2007; 3. De Jure Monetary Policy Frameworks in Sub-Saharan Africa; VII. Conclusions; References; Appendices 327 $a1. Financial Sector Developments, 1985-June 20072. Reserve Requirements in Various Countries, 2008; 3. Data Specifications and Data Sources; 4. Graphical Representation of Various Variables Employed; 5. Diagnostic Test Results for the Cointegration Relationship; 6 Graphical Presentation of Diagnostic Test Results; 7. Parameter Constancy Tests; 8. Chow Tests 330 3 $aThis paper evaluates the demand for broad money (M2) in The Gambia for January 1988-June 2007. There appears to be a long-run relationship for demand for real M2, but the relationship is not stable. Exogenous output shocks, financial innovation, changes in income velocity, and inadequate data quality contribute to the instability. The authorities may need to apply the monetary targeting regime flexibly in the overall objective of preserving price stability. A possible option for The Gambia is to become an inflation targeter lite. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/192 606 $aMoney supply$zGambia 606 $aMonetary policy$zGambia 606 $aInflation (Finance)$zGambia 606 $aBanks and Banking$2imf 606 $aInflation$2imf 606 $aInvestments: General$2imf 606 $aMoney and Monetary Policy$2imf 606 $aDemand for Money$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aMonetary economics$2imf 606 $aInvestment & securities$2imf 606 $aMacroeconomics$2imf 606 $aBanking$2imf 606 $aDemand for money$2imf 606 $aTreasury bills and bonds$2imf 606 $aMonetary base$2imf 606 $aCommercial banks$2imf 606 $aMoney$2imf 606 $aFinancial institutions$2imf 606 $aPrices$2imf 606 $aGovernment securities$2imf 606 $aMoney supply$2imf 606 $aBanks and banking$2imf 607 $aGambia, The$2imf 615 0$aMoney supply 615 0$aMonetary policy 615 0$aInflation (Finance) 615 7$aBanks and Banking 615 7$aInflation 615 7$aInvestments: General 615 7$aMoney and Monetary Policy 615 7$aDemand for Money 615 7$aFinancial Markets and the Macroeconomy 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aPrice Level 615 7$aDeflation 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aMonetary economics 615 7$aInvestment & securities 615 7$aMacroeconomics 615 7$aBanking 615 7$aDemand for money 615 7$aTreasury bills and bonds 615 7$aMonetary base 615 7$aCommercial banks 615 7$aMoney 615 7$aFinancial institutions 615 7$aPrices 615 7$aGovernment securities 615 7$aMoney supply 615 7$aBanks and banking 676 $a336.54 700 $aSriram$b Subramanian$01532213 712 02$aInternational Monetary Fund.$bAfrican Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788310803321 996 $aThe Gambia$93778297 997 $aUNINA